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Simulation estimation of time-series models
Journal article   Peer reviewed

Simulation estimation of time-series models

Bong-Soo Lee and Beth Fisher Ingram
Journal of econometrics, Vol.47(2-3), pp.197-205
02/01/1991
DOI: 10.1016/0304-4076(91)90098-X

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Abstract

A formal econometric treatment of the estimation of the parameters of a fully specified stochastic equilibrium model is proposed. The method, estimation by simulation, yields an estimator which is shown to have an asymptotic normal distribution. A goodness-of-fit test based on a chi-square statistic is also derived.

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